News
FSA bans four over Sphere Drake binder case
UK regulator, the Financial Services Authority (FSA) has announced that it has prohibited John Hubert Whitcombe, Jeffrey Ronald Butler, Nicholas Brown and Christopher Reginald Colin Henton for their dishonest involvement in reinsurance business that…
Grant Thornton announces new dividend
Grant Thornton's financial services group is pleased to announce a second interim dividend of 23% for insolvent insurer, UIC Insurance.
Business crime claims on the rise
The latest findings from the Axa business crime index reveal the number of business crime claims settled between July and September 2007 is 20% higher than the same period in 2006.
Lockton appoints new director
The Bristol office of Lockton’s professions division has appointed Ben Waterton as a director focusing on the Professional Indemnity needs of a wide range of local clients, including solicitors and accountants.
Zurich expands into Asia-Pacific
Zurich Financial Services announced today that it will expand its services for corporate customers into the Asia-Pacific region.
EU and US still trying to reach consensus in climate talks
Climate change talks in Bali have reached their last day with the US still insisting they want governments to set their own emission targets.
Kiln agrees to £440m cash takeover from Tokio Marine
Lloyds (re)insurer Kiln has agreed to a cash bid from Tokio Marine that values the company at £442m ($900m), or 150p a share under a deal that will see Tokio use the Kiln management and brand to spearhead international expansion plans.
RSA leaks Santa Claus' insurance requirements
Royal and Sun Alliance has identified the perfect insurance package for Santa Claus - the seasonal international producer and deliverer of toys and gifts.
Lloyd's releases three-year plan
Lloyd’s published its new 2008 – 2010 Three-Year Plan today with chief executive officer Richard Ward praising the achievements of Lloyd’s to date while urging caution as market conditions change.
RSA leaks Santa Claus' insurance requirements
Royal & SunAlliance has identified the perfect insurance package for Santa Claus - the seasonal international producer and deliverer of toys and gifts.
Chancellor delays capital gains tax decision
Alistair Darling, Chancellor of the Exchequer, has announced today that he was still considering plans to revise the capital gains tax regime.
Willis expands 2008 graduate program
Willis has expanded its global graduate program in 2008.
Milli Re opens branch in Singapore
Turkish reinsurer Milli Re has announced the opening of a branch office in Singapore, the groups first foreign outing.
Huxley launches new business
Mark Huxley, the founder of Davies Managed Systems and a former group services director of Axis International loss adjusters, has returned to the insurance sector by launching Lamb Creative Marketing.
Applegarth quits Rock
Adam Applegarth has quit as chief executive of struggling bank Northern Rock from today, earlier than expected.
Dual appoints new COO
Dual International has appointed Paul Ferris as its chief operating officer.
DAS strengthens broker teams
DAS has announced four new appointments to further strengthen its broker management teams.
Groupama adds new features to Small Fleet cover to extend appeal to SME’s
Groupama Insurances has made a range of significant enhancements to its innovative, on-line Optima Small Fleet product for fleets of fiveto 15 vehicles. These changes mean that the product is an option for many more small fleet risks.
DAS sees improvement in claims settlement
DAS 80e has welcomed the defendant liability insurers' improved stance in both settling cases and paying ATE insurance premiums.
Groupama updates small fleet cover
Groupama Insurances has made what it calls a range of “significant enhancements” to its on-line Optima Small Fleet product for fleets of five to 15 vehicles.
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Pick of the Week
Jonathan Swift, editor, Post Magazine outlines the major stories in this week’s issue of Post includi...
Appointment at Lancashire Holdings
Lancashire Holdings has appointed Jens Juul as a non-executive director and Simon Burton as an execu...
Benfield shares dip after profit warning
Reinsurance broker Benfield has blamed the weak dollar and soft reinsurance markets for its profits ...